11 Smart Year-End Tax Planning Tips for Your 2016 Return

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Moves you make between now and the end of the year can have a significant effect on how much tax you have to pay next April, particularly when it comes to investments you might hold outside a retirement account.

The goal is to reduce your taxable income, or defer it to 2017 (when there's a solid chance that tax reform via Donald Trump and the Republican-controlled Congress will would produce lower rates).

But time is running short. Review our list and get cracking.

Sandra Block
Senior Editor, Kiplinger's Personal Finance

Block joined Kiplinger in June 2012 from USA Today, where she was a reporter and personal finance columnist for more than 15 years. Prior to that, she worked for the Akron Beacon-Journal and Dow Jones Newswires. In 1993, she was a Knight-Bagehot fellow in economics and business journalism at the Columbia University Graduate School of Journalism. She has a BA in communications from Bethany College in Bethany, W.Va.